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Tag: Legally Speaking

Corporate Transparency Act and Your Obligations

Update: Corporate Transparency Act Preliminary Injunction Reinstated
Published: Dec. 30, 2024

The Corporate Transparency Act (CTA) merry-go-round continues! Following the Dec. 23, 2024 reinstatement of the CTA by the United States Court of Appeals for the Fifth Circuit,

SCOTUS Extends Relief to Merchants and Consumers, At Least For Now

Tom Clement

On July 1, the United States Supreme Court (SCOTUS) properly ruled against the Federal Reserve Board (Federal Reserve), which was seeking dismissal of a retail merchant lawsuit. The underlying claim is that payment networks have been permitted to charge excessive interchange fees in violation of the Durbin Amendment to the Dodd-Frank Wall Street reform and Consumer Protection Act of 2010.